Took the plunge last night and cut some metal off my lathe to square up the carriage.
Indicated off the unworn lip, put a brand new carbide cutter in and took off just enough to bring it all down to the most worn end - about 0.25 mm had to be removed from the unworn areas.
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Reassembled the carriage and gib on the bed and it is smoother at traveling along the bed - still tightens slightly towards the tail stock but to be expected as I measured about 0.08mm of wear in the front bed way width (which is just over the 0.003" magic figure where Myford recommend a regrind).
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Still need to reassemble the apron and cross slide before I can quantify the improvements, but suspect it may still face slightly convex due to the bed wear. I could 'over correct' the carriage to allow for the bed wear but I would rather fix the bed if possible instead of introducing an intensional error to compensate.
I know the purest will be horrified, but I'm considering a DIY regrind of just the front bed way vertical surfaces to tidy up the alignment. More on that later once I have though it through some more.